Fixed Income Investor Information

A Strong Financial Foundation

Manageable maturity schedule and strong credit ratings provide financial flexibility for fixed income investors.

Debt Maturity Profile

($ in Millions)	2020	2021	2022	2023	2024	2025 and Beyond	Total
PPL Capital Funding	$0	$0	$800	$600	$350	$2,780	$4,530
PPL Electric Utilities⁽¹⁾	0	400	474	90	0	3,075	4,039
LG&E and KU Energy	475	250	0	0	0	0	725
Louisville Gas & Electric⁽¹⁾	0	292	0	0	0	1,732	2,024
Kentucky Utilities⁽¹⁾	500	132	0	13	0	1,997	2,642
WPD plc⁽³⁾	0	500	0	641	64	651	1,856
WPD Operating Companies⁽²⁾⁽³⁾	192	0	0	898	513	4,528	6,131
Total	$1,167	$1,574	$1,274	$2,242	$927	$14,763	$21,947

_{Note: As of March 31, 2020.

(1) Amounts reflect the timing of any put option on municipal bonds that may be put by the holders before the bonds' final maturities.

(2) Includes WPD (East Midlands) plc, WPD (West Midlands) plc, WPD (south Wales) plc and WPD (South West) plc.}

₍₃₎ _{U.K. translated at $1.2823/£.}

Download PPL Corporation’s Debt Maturity Schedule
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Current Credit Ratings

Current credit ratings as of June 30, 2019

Senior Unsecured Ratings

Entity	Moody's	S&P
PPL Capital Funding, Inc.	Baa2	BBB+
Western Power Distribution plc	Baa3	BBB+
Western Power Distribution (East Midlands) plc	Baa1	A-
Western Power Distribution (West Midlands) plc	Baa1	A-
Western Power Distribution (South Wales) plc	Baa1	A-
Western Power Distribution (South West) plc	Baa1	A-
LG&E and KU Energy LLC	Baa1	BBB+

Senior Secured Ratings

Entity	Moody's	S&P
Louisville Gas and Electric Company	A1	A
Kentucky Utilities Company	A1	A
PPL Electric Utilities Corporation	A1	A

Download PDF of all credit ratings

PPL Corporation Launches Process to Sell U.K. Business, Reposition Itself as U.S.-Focused Utility Company

Planned sale process follows comprehensive strategic review; expected to unlock shareowner value and strengthen focus on U.S. growth.

PPL Corporation Reports Second-Quarter 2020 Earnings

PPL Corporation (NYSE: PPL) announced second-quarter reported earnings of $0.45 per share and earnings from ongoing operations of $0.55 per share..

PPL revises carbon goal

PPL Corporate Susatainability Report 2018

PPL has set a more aggressive carbon reduction goal of at least 80% from 2010 levels by 2050 and has accelerated its previous 70% goal by 10 years to 2040.